KGMI News Reporting
By Mike Curtiss
OLYMPIA, Wash. – More states are joining Washington in an effort to ask insurers how they’re preparing to deal with climate change.
Washington Insurance Commissioner Mike Kreidler says climate change is a reality and it’s going to have a direct impact on insurance companies.
He says climate change could cause a sharp increase in damage claims and make it harder for insurers to pay claimants.
Kreidler says he wants to make sure that insurance stays affordable and available to consumers.
Insurance regulators in Connecticut and Minnesota this year joined Washington, California and New York in surveying major insurers about what steps they’re taking to address the risks of climate change.